The Haberfeld & Walker Racing partnership's first race program will
be to field a three-car entry in the 2006 Formula BMW USA series.
Today's announcement includes the naming of two young talented
drivers: David Rangel from Mexico and Marco Santos from Brazil.

"This is the beginning of a wonderful dream for me", said
Rangel. "This opportunity in the BMW series with this team will
help me make my way to victory".

Santos added, "I will be driving in one of the best teams in the
series. Mario is an excellent coach and has a lot of experience as a
driver, and the Walker team will help me to improve my skills and grow
towards a successful career".

Both drivers enter Formula BMW for their first season this year. The team
is currently working on signing another driver for the third-car entry.

"In the formation of this new venture", says owner of Walker
Racing, Derrick Walker, "we have a strong program for BMW and some
long-range plans to expand. We are off to a great start with Marco and
David and are all looking forward to having a great season".

Mario Haberfeld has many years of racing experience including Formula 3,
Formula 3000, F1 testing, and Champ Car in 2003 and 2004. He is
currently racing for Fernandez Racing in the #12 Lowes car in the Grand
Am series.

Says Haberfeld, "I'm really excited about forming this
partnership with Derrick Walker, Markus and myself. We are starting the
Haberfeld & Walker Racing team which this year will compete in the
Formula BMW USA series with two very talented young drivers. Having raced
for Walker Racing in Champ Cars in the past I know how ambitious,
organized and professional the Team is, and I think this is the perfect
opportunity to achieve another goal that I have set in my career. In the
early stages I've had a lot of help and good advice from more
experienced drivers, and I feel the need to do the same and help young,
talented drivers reach their full potential on their way to the major
series of the sport.

Markus Bischof, who owns and operates two restaurants in Guntersville,
Alabama and was previously a partner in the Polevision Racing Formula BMW
team says, "I am confident our new team of highly qualified racers
and businessmen will make a great addition to the Formula BMW
series" said Bischof. "My job will be to help secure sponsor
partners like the US Space and Rocket Center in Huntsville with their
Space Camp program, which will be a great asset in our driver
development, and General Marine Services, a custom stevedoring and harbor
services company".

Preparations are well under way for the new season. Team Manager Martin
Bates and Track Engineer Eric Purcell have already been out testing and
plan to be out again on the 8th and 9th of February at No Problem
Raceway. The search will continue for another talented young driver to be
added to the team.